Looks like we can open the bullish case.
Triangle formation has broken to the upper side
Re-Test of the triangle on the upside on Friday
Price above still above the 50 SMA
Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA)
Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this...
FIt has been in a clear bull flag since Nov. 2019. With a close over the 50 day and above the bull flag we may see a breakout. Due to current market conditions this could be delayed/halted, but in the long term FIT will run up early-mid Feb. .
Snap has been following this channel since late October, if we see a close above the bottom channel trend line we can expect a bounce to the top within 2 weeks.
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NYSE:AXP looks to have broken the downtrend. It closed under the 20 day MA but is approaching support from the 50 and 200 day which should provide enough support to push it through the 20. I'm expecting this to reach 122-124.
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